Director, Client Tax Reporting Operational Advisory Lead

Date limite pour présenter sa candidature :

Adresse :

Groupe de famille d'emploi :

BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets

Mandate:

The Director is a senior technical leader responsible for BMO Capital Markets (CM) client tax reporting and withholding obligations. The role works in a highly matrixed organization providing technical tax decisions, oversight, and execution of more complex client tax matters. The role manages a small team performing tax due diligence on clients and syndicated loan buyers (where BMO is the paying agent). The role also plays a key role in leading and facilitating new products and new regulations related to client tax. This role involves extensive stakeholder process management and stakeholder engagement. Frequent interaction is required with internal LOBs, trade desks, Corporate Tax and Tax Governance and externally with auditors, clients and tax authorities.

Knowledge and Skills:

• Minimum of 10+ years of U.S. information reporting and withholding tax advisory or operational experience within the financial services industry.
• A Bachelor's degree, with a CPA license, Enrolled Agent (EA) certification, or active membership of the Bar preferred.
• Deep knowledge of U.S. tax laws and regulations related to U.S. tax withholding and reporting (e.g., Chapter 3 and 4, Chapter 61, Section 3406).
• Experience with Common Reporting Standard, Canadian non-resident withholding and international financial transaction taxes would be an asset
• Relevant experience in the financial services industry preferred
• Working knowledge of trading products across Capital Markets
• Working knowledge of the competitive marketplace, institutional clients, market trends and regulations in the industry
• Proven ability to work across global departments to build credibility and strong relationships.
• Exceptional ability to independently manage multiple priorities and to proactively service multiple internal clients in a fast-paced environment
• Ability to work a demanding schedule under limited supervision
• Excellent attention to detail and ability to learn and adapt quickly
• Ability to review, assess and provide detailed information daily
• Strong analytical and problem solving skills
• Strong conflict management/ resolution skills
• Strong organizational and prioritization skills
• Excellent verbal and written communication skills are essential to synthesize and explain complex regulations to non-tax professionals and senior management

Key Accountabilities:

• Oversee the preparation and timely filing of various U.S. and Canadian tax reporting forms (e.g., Forms 1099, 1042-S, NR-4, T5 and T5008) for CM and ensure strong internal controls are maintained within a high-volume processing environment.
• Reconciliation of Forms 1042-S received from DTC to Forms 1042-S issued by CM
• Oversee the preparation and timely filing of international financial transaction tax monthly declarations and annual returns filed by CM with tax authorities and remittance of foreign stamp duty payments.
• Review, analyze, and interpret changes to U.S. IRS, Canadian and certain international operational tax withholding and information reporting requirements (e.g., laws, regulations, rulings, QI agreement) to determine the impact on the company's processes, procedures, and documentation.
• Maintain oversight of the interest and dividend withholding rates and review systemic controls to ensure accuracy.
• Serve as a subject matter expert, providing guidance to CM business units and operations teams on complex operational tax reporting and withholding matters, client tax documentation, source and character of payments, and operational changes for new product offerings and updates to tax rules, working with BMO Corporate Tax Group where required.
• Define and execute the strategic direction for CM operational tax information reporting and withholding operations, provide oversight and mentorship to multiple teams of professionals, and foster a culture of continuous improvement.
• Act as the primary liaison for CM tax operations with business partners, technology, and other operational teams.
• Maintain documentation of CM end-to-end operational tax withholding and reporting processes and controls.
• Oversee testing of controls with respect to CM operational tax withholding and reporting and track and resolve any deficiencies.
• Assist with certifications to IRS and periodic review with respect to CM transactions in Qualified Intermediaries in BMOFG.
• Maintain documentation of settings in Broadridge that drive CM tax withholding and reporting and approve any changes
• Drive process improvements and automation initiatives using data analysis to enhance efficiency, accuracy, and scalability of CM tax withholding and reporting operations.
• Develop and enhance relationships, at multiple levels, by providing exceptional levels of client service
• Keep abreast of current and upcoming product and functional specific industry initiative related topics.
• Navigate the BMO organization, across divisions, to deliver timely and accurate issue resolution to complex, business critical issues which may include communication with senior stakeholders

Authorities:

• Approval - Ensure receipt of appropriate approvals/ authorizations in accordance with CM P&Ps and regulatory requirements.
• Monitoring - Ensure application and adherence to SLA parameters. Monitor compliance requirements. Ensure adherence to directives, policies & procedures and regulatory/ government requirements.
• Auditing - Ensure P&P and regulatory adherence. Act as primary CM Client Tax representative for any local internal or external audits, coordinating with Compliance and/or Trade Supervision as required.
• Issue Resolution - Provide guidance and problem-solve issues and challenges referred by other areas and clients. Escalate to management as appropriate for guidance and resolution.
• Coordinating - Manage and monitor a complex portfolio of work representing a significant amount of revenue generation.

Cross Functional Relationships:

• Sales and Trading Organizations in Capital Markets
• Corporate Tax
• Global Markets Structuring
• Capital Markets Business Services: Client Onboarding, KYC & AML groups, Client Data Management & Governance, Regulatory Transformation
• Operations: Middle Office, Tax Operations, Global Regulatory Ops, FXMM DBM
• Corporate Support: Technology

Working Conditions:

This role operates within a hybrid working environment with a minimum of four days per week in the office for collaboration and connection with teams.

The salary range for this role is $125,000 up to $160,000 CAD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements)

Salaire :

Type de rémunération :

Ce qui précède représente la fourchette et le type de rémunération de BMO Groupe financier.

Les salaires varieront en fonction de facteurs comme l’emplacement, les compétences, l’expérience, les études et les qualifications pour le poste et pourront inclure une structure de commissions. Les salaires pour les postes à temps partiel seront calculés au prorata du nombre d’heures travaillées régulièrement. Pour les rôles à commission, le salaire susmentionné représente la cible de BMO Groupe financier pour la première année au poste.

La rémunération totale offerte par BMO variera selon le type de rémunération associé au poste et peut comprendre des primes de rendement, des primes discrétionnaires ainsi que d’autres avantages et récompenses. BMO offre également une assurance santé, le remboursement des frais de scolarité, une assurance accident et une assurance vie, ainsi que des régimes d’épargne-retraite. Pour en savoir plus sur nos avantages sociaux, consultez le site : https://jobs.bmo.com/ca/fr/R%C3%A9mun%C3%A9ration-globale

À propos de nous

À BMO, nous sommes animés par une raison d’être commune : Avoir le cran de faire une différence dans la vie, comme en affaires. Cette raison d’être nous invite à entraîner des changements positifs et durables pour nos clients, nos collectivités et nos gens. En travaillant ensemble, en innovant et en repoussant les limites, nous transformons des vies et des entreprises et favorisons la croissance économique partout dans le monde.

En tant que membre de l'équipe de BMO, vous êtes valorisé, respecté et entendu, et vous avez plus de moyens pour progresser et obtenir des résultats. Nous nous efforçons de vous aider à obtenir des résultats dès le premier jour, pour vous-même et nos clients. Nous vous offrirons les outils et les ressources dont vous avez besoin pour franchir de nouvelles étapes, car vous aidez nos clients à franchir les leurs. Au moyen de formation et de coaching approfondis ainsi que de soutien de la direction et d'occasions de réseautage, nous vous aiderons à acquérir une expérience enrichissante et à élargir votre groupe de compétences.

Pour en savoir plus, visitez-nous à l'adresse https://jobs.bmo.com/ca/fr.

BMO s'engage à offrir un milieu de travail inclusif, équitable et accessible. Nous apprenons de nos différences et tirons notre force des gens et de leurs différents points de vue. Des mesures d’adaptation sont disponibles sur demande pour les candidats qui participent à tous les aspects du processus de sélection. Pour demander des mesures d’adaptation, veuillez communiquer avec votre recruteur.

Remarque aux recruteurs : BMO n’accepte pas les curriculum vitæ non sollicités provenant de toute source autre que le candidat directement. Tout curriculum vitæ non sollicité envoyé à BMO, directement ou indirectement, sera considéré comme la propriété de BMO. BMO ne paiera aucuns frais pour les placements découlant de la réception d’un curriculum vitæ non sollicité. Une agence de recrutement doit d’abord détenir une entente de service écrite valide et dûment signée avant d’envoyer des curriculum vitæ.